Daily Archives: February 8, 2018

The European Parliament called on the European Commission, the EU’s regulatory arm, to conduct a “thorough assessment” of bloc-wide legislation on daylight savings time and, “if necessary, come up with a proposal for its revision.” “Numerous studies have failed to reach a conclusive outcome, but ind...

WSE-listed IT sales and marketing company has secured the minimum number (916,892) of shares covered by the tender and will go through, the company said in a market filing. Back in December, Tomasz Pruszczyński, along with Polinvest 7 investment fund announced a tender for 1,696,021 Sare shares at P...

The Ministry of Finance sold PLN 5 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 8.65 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 43 percent.

State-owned postal operator Poczta Polska had PLN 400 million revenue last year from sales of various products at its branches. “Customers get used to the fact that the activity of Poczta Polska is not limited to handling parcels. We are consistently expanding our offer because we want to offer attr...

WSE-listed hotel operator Orbis opened its first two hotels in Slovenia, under Mercure and ibis Styles brands, the company said in a market filing. The facilities were launched in cooperation with a local partner and investor Terme Maribor.

State-owned passenger railway carrier PKP Intercity had a PLN 270 million net profit last year, compared to PLN 47 million profit in 2016. The company had 42.8 million passengers in 2017, up by 11 percent y/y and above its own forecasts for 39.2 million passengers. “In 2017, we’ve had the increase i...

Almost 24 percent of Poles surveyed by Maison & Partners Institute on behalf of discount retail chain Biedronka, admitted that they had not read any books during the last year, and more than 47 percent did not buy any books. “At the same time, respondents are convinced of the important role play...

This year, the number of car registrations will grow to 535k from 486,500 last year, according to the Samar institute. “Last year’s result was higher by 16.89 percent y/y. This year, we can expect further growth in the market to about 535k new registrations. If this forecast is correct, it would be ...

In response to the growing investor interest in so-called alternative assets in Poland, CBRE has decided to expand the range of services provided by its capital markets team. The company has appointed Paweł Rudiak as a senior consultant who will supp...

A subsidiary of Warsaw Stock Exchange-listed developer Marvipol Development has secured up to PLN 50 million in bank financing from Bank Ochrony Środowiska that it will use to finance and refinance the costs of constructing its Unique Tower residenti...

Financial broker Notus Finanse is the first tenant to have leased space at the City Forum office project, which Warsaw Stock Exchange-listed developer Archicom is now developing in downtown Wrocław. The company will occupy over 550 sqm in the Forum O...

Industrial space developer Panattoni Europe will build an over 10,000-sqm production facility in Białystok for car glass manufacturer Pilkington IGP. The factory will be located within the Panattoni Park Białystok project that the developer launched ...

Investors BBI Development and Liebrecht & wooD have revealed that the office space available in their Centrum Praskie Koneser mixed-use project in Warsaw has already been 92 percent leased out. Two companies from the TFL sector – Link and Waberer...

The rental apartment market in Poland is attracting more and more developer and investor interest with a number of large projects comprising this kind of units having been announced across the country in recent months. Do long-term institutionalized ...

The automotive industry is one of Poland’s top export sectors and also the second most popular industry for foreign investors. French firms have been present in Poland since the early transformation and new ones keep coming to invest in the country’s...
Here for the long haul

Just as it’s hard to cut anything with a blunt knife, when you burn out at work, you cannot achieve your goals. Overworking and stress are the main causes of professional burnout. Do not think that this problem does not concern you. Poles are a socie...